DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of
the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of
the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Pope HB No. 61
Abstract: Provides for the administration of the LREIF and investment of fund monies and
membership of the investment advisory board.
Present law provides that monies in the Livingston Parish Retired Employees' Insurance Fund
(LREIF) shall invest not less than 25% in fixed-income investments provided that the average
credit quality of the fixed-income portion is rated investment grade.
Proposed law retains present law except that it deletes the requirement that the average credit
quality of the fixed-income portion is rated investment grade.
Present law requires that the sheriff establish an investment advisory board to provide
recommendations concerning the investment of funds to consist of the following seven members:
(1)The comptroller of the sheriff's department.
(2)Five retired sheriffs or retired deputy sheriff of the department, elected by other retired
sheriffs and retired deputy sheriffs of the department.
(3)One active deputy sheriff of the department elected by the other active deputy sheriffs of
the department.
Proposed law retains present law except that it changes the comptroller of the sheriff department
as a board member to a representative appointed by the sheriff.
(Amends R.S. 13:5554.2(C)(2) and (G)(1)(a))